Turbo Tax Has Settled and Owes Coloradan $2.7 Million in Refunds
By Shawn Patrick on May 4, 2023
The owners of the TurboTax, the popular tax-filing program, will pay $2.7 million to customers in Colorado who were deceived by misleading promises of free tax-filing services, Colorado’s attorney general announced Thursday.
Eligible users will begin receiving checks from a multistate settlement announced in May 2022.
89,375 Coloradans will receive checks in the mail. Eligible consumers will be contacted by email about the settlement and checks will be mailed throughout May. Eligible users include those who paid to file their federal tax returns through TurboTax for tax years 2016, 2017 and 2018 but were eligible to file for free through the IRS Free File Program. These users will receive a check in the mail automatically, without filing a claim. Checks are expected to be mailed out starting next week.
The amount each user receives will be based on the number of tax years for which they qualify. Most are expected to receive about $30. For more information about who is covered by the settlement, and information about the settlement fund, go to www.AGTurboTaxSettlement.com.